Wells Fargo Private Bank : Company Profile and SWOT Analysis by WealthInsightReports


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									Wells Fargo Private Bank


Wells Fargo Private Bank                                                            Key Employees
                                                                                    Name                      Job Title
Fast Facts
                                                                                                              Vice President - Wells
                                       420 Montgomery Street, San Francisco,        Bryan Freund
Headquarters Address                                                                                          Fargo Private Banking
                                       California, 94104,United States of America
                                                                                                              Senior Executive Vice
Telephone                              + 1 866 8785865                              David Carroll             President, Head - Group -
                                                                                                              Wealth (Wells Fargo)
Fax                                    N/A                                                                    Chief Officer - Investment -
                                                                                    Dean Junkans              Wells Fargo Private
Website                                www.wellsfargo.com/theprivatebank/                                     Banking
                                                                                                              Vice President - Wells
                                                                                    Gary Hall
Ticker Symbol, Stock Exchange          N/A                                                                    Fargo Private Banking
                                                                                                              Chief Executive Officer -
                                                                                                              Wells Fargo & Company,
Number of Employees                    N/A
                                                                                    John G. Stumpf            President - Wells Fargo &
                                                                                                              Company, Chairperson -
Fiscal Year End                        December
                                                                                                              Wells Fargo & Company
Revenue (in US$ million)               12,188
                                                                                    Company Overview

                                                                                    Wells Fargo Private Bank is one of the private
                                                                                    banking and wealth management arms of the
SWOT Analysis                                                                       Wells Fargo group. The company offers private
                                                                                    banking and wealth management services to
Strengths                              Weaknesses                                   high-net-worth individuals (HNWIs have a net
                                                                                    worth of US$1 million or more, excluding their
                                       Expenses resulting from Wachovia             primary residence) and wealthy families, with
Broad range of service offerings
                                       lawsuits                                     primary focus on clients in the US$5-50 million
Focus on wealth management                                                          bracket. Wells Fargo Private Bank is part of
                                       Fee-based business model                     Wells Fargo & Company's Wealth, Brokerage,
                                                                                    and Retirement segment. Services offered by
Leading market position                                                             the company include wealth planning, private
                                                                                    banking, investment solutions, trust solutions,
Strong performance of the Wealth,
                                                                                    specialized wealth solutions and insurance
Brokerage and Retirement division
                                                                                    products. The company provides its services
Opportunities                          Threats                                      through a range of experts such as wealth
                                                                                    advisors, wealth planning specialists, investment
Increase in the number of HNWIs        Ban on proprietary trading under the         managers, private bankers, trust and fiduciary
globally                               Volcker Rule                                 specialists and insurance specialists. Assets
Positive financial planning services                                                under management (AuM) for the company
                                       Increase in compliance costs
segment outlook                                                                     stood at US$167 billion as on December 31,
                                       Intense competition in the wealth            2011. The company had historical AuM figure of
Rebranding of key wealth businesses                                                 US$170 billion as on December 31, 2010. Abbot
                                       management market
                                                                                    Downing, the multi-family office of Wells Fargo
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